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2020 SESSION
SB 671 Virginia Retirement System; return to employment by certain retired employees.
Introduced by: T. Montgomery "Monty" Mason | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Virginia Retirement System; return to employment by certain retired employees. Provides that a political subdivision participating in the Virginia Retirement System may hire up to two retirees at a time to return to work in full-time positions. Such employees may receive their service retirement allowance during the subsequent period of employment provided that there was a bona fide break in service of one year between retirement and employment in the full-time position and that there was no prearrangement for reemployment. The provisions of the bill are contingent on funding in a general appropriation act.
SUMMARY AS INTRODUCED:
Virginia Retirement System; return to employment by certain retired employees. Provides that a political subdivision participating in the Virginia Retirement System may hire up to two retirees at a time to return to work in full-time positions. Such employees may receive their service retirement allowance during the subsequent period of employment provided that there was a bona fide break in service between retirement and employment in the full-time position and that there was no prearrangement for reemployment.